This Week's Top Stories

January 7 2020
A main sticking point in NSCC’s plan to create an equity finance CCP is how margin will be collected from lenders of securities. This is already a known factor in the FICC’s sponsored repo market, with some hedge funds preferring bilateral transactions over CCP-cleared in order to avoid a 2% margin. But in equity finance, we make the argument that agent lenders and beneficial owners should work to clear this hurdle for their own self-interest.
 
January 6 2020
We consolidate the main themes that emerged from a series of conferences and interviews for an outlook on 2021.